Oireachtas Joint and Select Committees

Wednesday, 11 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

I welcome Professor Hardiman. I am interested in her quote from Mary Halton's thesis regarding the conduct of non-executive directors in Canada, who held meetings without management being present "as the primary tool through which to test ideas and build support among colleagues. This arguably helped to avoid excessive deference on the part of non-executive directors and to strengthen independent and challenging voices on corporate boards." Professor Edward Kane, to whom Senator O'Keeffe just referred, sees directors as trustees for society as a whole and not as members of a forelock-touching old boys' club. Is there much literature available in respect of the new kinds of director to whom Mary Halton, Professor Hardiman and Professor Kane refer preventing the tendency to engage in groupthink?

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